Lesson60 seconds
What is First Close?
Accepting early money before the round fully finishes.
Step 1 of 9
Simple Definition
A first close is an initial closing of a financing where some investors fund before the round’s , sometimes allowing ops to continue fundraising.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next